Kosdaq's Big Reversal Signal… The Real Reason Foreigners Are Concentrating Purchases / Hyundai Motor, The Game Finally Changes

Summary

Oh Hyun-jin discusses Kosdaq's reversal signal driven by foreign buying and the National Growth Fund's upcoming investments. He highlights opportunities in pharma/biotech, secondary batteries, optical communications, energy stocks, and specific plays like Samsung Electro-Mechanics and Hyundai Motor. He also notes risks from domestic labor disputes, inflation, and delayed data center construction but views them as manageable.

• Foreigners have been steadily buying Kosdaq, signaling a potential rebound.
• The National Growth Fund will allocate heavily to Kosdaq pharma/biotech and secondary battery stocks.
• Samsung Electro-Mechanics is a standout with strong momentum in MLCC, substrates, and silicon capacitors.
• Optical communication stocks tied to NVIDIA and Lumentum are attractive on pullbacks.
• Energy rotation is expected across SFC, nuclear, solar, and wind.
• Hyundai Motor's robotics and defense applications could lead to a value re-rating.
• Data center construction delays pose a risk to semiconductor stocks but may offer buying opportunities.
• Domestic labor disputes and rising wages could pressure inflation and corporate earnings.